Wednesday, March 30, 2011

Daily Business Update from the Boston Globe

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Wednesday, March 30, 2011

Sorry Boston, Google Fiber goes to Kansas
Boston, eat your heart out. Google Inc. won't be building its state-of-the-art fiber-optic data network here, or anyplace else in Massachusetts. The giant Internet search company announced on Wednesday that Kansas City, Kansas has captured the prize.

Tuesday, March 29, 2011

Treasury official urges Congress to keep foreclosure prevention program
By Beth Healy, Globe Staff House Republicans pushed through legislation tonight to terminate an underachieving Obama administration program designed to reduce mortgage payments for homeowners in danger of losing their homes to foreclosure. Most Democrats, while acknowledging that the Home...

Company execs defend office closings, tax breaks
Massachusetts lawmakers quizzed today key executives from Fidelity Investments and Evergreen Solar Inc. about their decision to move hundreds of jobs out of the state, despite receiving tens of millions of state tax breaks.

Mass. home sales, prices dropped last month
Massachusetts single-family housing sales went into a deep freeze in February with the worst numbers in more than 20 years, according to data released today.

Evergreen Solar does not plan to give back all $20m in incentives
The chief executive of Evergreen Solar says his company has no plans to give back $20 million in state corporate incentives, despite its recent decision to close a plant in Devens and lay off 800 workers.

CVS names health care strategy chief
CVS Caremark Corp. said today it promoted Helena Foulkes to an expanded role as chief health care strategy and marketing officer.

Amtrak passengers can get Twitter feeds on service
Amtrak passengers traveling between Washington D.C. and Boston and elsewhere on the northeast corridor can get details about major service disruptions by following @AmtrakNEC.

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